FYI - You don't need to buy a miner to get into mining

[AMuppInTime]

besides buying an expensive and very rare mining rig, know that you can join in and buy shares of ASICSMINER at https://btct.co/ for around 1.2BTC currently. IT PAYS DIVIDENDS weekly.

Just if you didn't know - and yes, i'm invested in them and love them, just want to share the word as it's still underground I'd say...

[TracerX]

You can also get in a little cheaper with mining co-ops on https://www.litecoinglobal.com/

I've dropped some LTC into a few of the securities there and have been happy with the return.

[140point6]

Any way to get your original deposit out or one time fee for all future dividends?

[Slave2school]

Good question! I'm pretty new to this game and I just made a small deposit to the pyramining people to see what happens.  I'd love to get an asic but I'm a bit too paranoid seeing that there is only a video of a developer's unit being unwrapped at the moment.  So for now I'm sticking with my gpu's since I can stull play games on the when they become unprofitable to mine with

[vega07]

That is an interesting alternative to consider.

[Socket54]

I want some of those usbminers they got coming out.

About how much you think they will run?

[TracerX]

Any way to get your original deposit out or one time fee for all future dividends?

LTC-Global reserves a 0.1 LTC fee on withdrawl, but it's much like an exchange aside from that--the proceeds of your sales go to your site wallet, and you move them off from there.  There is a 0.2% transaction fee when you buy/sell, although the dividends aren't charged, IIRC.

[Yurizhai]

besides buying an expensive and very rare mining rig, know that you can join in and buy shares of ASICSMINER at https://btct.co/ for around 1.2BTC currently. IT PAYS DIVIDENDS weekly.

Just if you didn't know - and yes, i'm invested in them and love them, just want to share the word as it's still underground I'd say...

How much do you get for a 1.2 BTC dividend so far?

[TracerX]

Is there anything similar for BTC (not for LTC)?

The site OP mentioned is for BTC.

[CodyCot]

You can also get in a little cheaper with mining co-ops on https://www.litecoinglobal.com/

I've dropped some LTC into a few of the securities there and have been happy with the return.

I have some LiteCoins lying around. Could you explain this to me? I may be able to join up!

[milkman1]

besides buying an expensive and very rare mining rig, know that you can join in and buy shares of ASICSMINER at https://btct.co/ for around 1.2BTC currently. IT PAYS DIVIDENDS weekly.

Just if you didn't know - and yes, i'm invested in them and love them, just want to share the word as it's still underground I'd say...

but the value of btc keeps going up, its not neccesarily a good deal

dividends are tiny like .008? a week?

[effect]

0.008BTC a week would take like 3 years to get your initial investment of 1.2BTC back...

[TracerX]

You can also get in a little cheaper with mining co-ops on https://www.litecoinglobal.com/

I've dropped some LTC into a few of the securities there and have been happy with the return.

I have some LiteCoins lying around. Could you explain this to me? I may be able to join up!

It's easy enough.  You create your LTC-Global account, move your LTC into the wallet the site generates, then purchase securities based on how you feel they will preform in the future.  Most pay a dividend--check out the history on each one and see.

To buy at market price, you click the "fill" button under the Sell column of an asset--you can also place a buy "bid" to offer to buy the asset at below market price.  if enough people want to sell, they'll buy your bid and you'll have shares.  Buying at market is more expensive but immediate, waiting for a bid to complete will get your a lower cost, but will take more patients.

[Yurizhai]

0.008BTC a week would take like 3 years to get your initial investment of 1.2BTC back...

Aren't dividends based on profits?

[btccontractor]

I want some of those usbminers they got coming out.

About how much you think they will run?

The official ASICMINER thread (https://bitcointalk.org/index.php?topic=99497.3880) doesn't seem to have any speculation on that, really. Would love to get my hands on one, but if the recent auction of the large units is any indication (winning bids were BTC76), it's likely not a cost-effective purchase unless you already have a bunch of coins with a low cost-basis.

[John (John K.)]

0.008BTC a week would take like 3 years to get your initial investment of 1.2BTC back...

Don't forget that you can sell the shares to others to get your initial investment back, just like regular old shares. 25%+ a year is awesome for shares though - see the poor divs you get when you buy Apple stock for example.

[TracerX]

0.008BTC a week would take like 3 years to get your initial investment of 1.2BTC back...

Aren't dividends based on profits?

Yes.  Even in the world of virtual currency, they are based on profits.  Each asset posts a contract that clearly states how divs are paid, and most are pretty transparent about how they do business.  Like any investment, however, there's always risk involved.

[John (John K.)]

0.008BTC a week would take like 3 years to get your initial investment of 1.2BTC back...

Aren't dividends based on profits?

Yes. ASICMiner is an mining security, where the divs come from the proceeds of mining and selling hardware. Check https://www.btcguild.com//index.php?page=rankings for their mining hashrate. (hint: they're user 67117  ) It is scheduled to mine at 15TH/s by next week.

[BitshireHashaway]

That's interesting, I may look into it. However, I find it to be a very risky investment, because the price of bitcoins fluctuates so much. Still, its somethign that I will consider doing.

[tevion]

It is risky...but the hole traide with btc are very risky